This column was originally published on RealMoney on April 11 at 10:08 a.m. EDT. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Another chance to buy
acquisition of Tenke, on top of the last one this company just made for
, shows me that Lundin is trying to be the next
, with far-flung enterprises and lots of niche metals that China will need and everyone else is struggling to find.
Lundin is the
of basic minerals, the midrange growth play that can acquire or be acquired. After decades of consolidation in the minerals business, there aren't a lot of players left. Those that are left are being bought by
or Rio Tinto or now, Lundin.
But of those, the one that lacks in-depth U.S. analyst coverage is Lundin. It's followed only, on a major-house basis, by
I know Lundin's acquisition pace seems too fast, but that's exactly the course that Yamana followed when it was at $7. It has since doubled. Lundin is going to be the big story for minerals next year when these deals all get sorted out.
Better to get in now. Every day I come in and hear about how BHP and CVRD and
Soon it will be how Lundin is doing. This will remain a very big stock, and the more liquidity, the better.
I can't believe how slowly that
has trickled into the marketplace. Eddie Lampert's creating more than a billion dollars in worth from his brands and is going to put them back into the shares. This is going to be a small-cap company by share count when he is done! Still not too late to buy the best-performing retailer. ... Once again, people are asking me if the
layoffs are enough to change my mind about how the company's doing. I am saying, "They laid off 17,000 people. Now they just need one more layoff, right at the top!"
At the time of publication, Cramer was long Sears Holdings.
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